Masdar Boosts Renewable Energy Capacity by 150% to 51GW by 2024
POWER & RENEWABLE ENERGY

Masdar Boosts Renewable Energy Capacity by 150% to 51GW by 2024

Abu Dhabi Future Energy Company PJSC – Masdar, a leading clean energy firm from the UAE, has announced a 150% increase in its renewable energy capacity, reaching 51GW by the end of 2024, up from 20GW in 2022.

This expansion brings Masdar closer to its goal of 100GW of renewable energy capacity by 2030. In 2024, the company invested $8 billion in equity and secured $4.5 billion in financing for projects across nine countries, contributing over 6.5GW of new capacity.

Masdar's recent achievements include acquisitions in Greece, Spain, and the US, as well as launching several major projects, including two Battery Energy Storage System (BESS) projects in the UK and a 1.5GW solar project in the UAE.

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

Abu Dhabi Future Energy Company PJSC – Masdar, a leading clean energy firm from the UAE, has announced a 150% increase in its renewable energy capacity, reaching 51GW by the end of 2024, up from 20GW in 2022. This expansion brings Masdar closer to its goal of 100GW of renewable energy capacity by 2030. In 2024, the company invested $8 billion in equity and secured $4.5 billion in financing for projects across nine countries, contributing over 6.5GW of new capacity. Masdar's recent achievements include acquisitions in Greece, Spain, and the US, as well as launching several major projects, including two Battery Energy Storage System (BESS) projects in the UK and a 1.5GW solar project in the UAE.

Next Story
Infrastructure Energy

TDB Plans Solar Power Plant Installation at Sabarimala

The Travancore Devaswom Board (TDB) is planning to establish a solar energy plant with technical assistance from Cochin International Airport (CIAL), recognised as the world’s first fully solar-powered airport. TDB officials stated that a meeting was held with S Suhas, Managing Director, CIAL, at Sannidhanam to discuss the initiative. TDB President P S Prasanth mentioned that the discussion was preliminary in nature. He further informed that CIAL is preparing the detailed project report (DPR) and providing technical guidance for the project. Prasanth also revealed that the TDB intends to fu..

Next Story
Infrastructure Urban

Reliance Back on Growth Path, Multiple Catalysts to Drive Performance

Reliance Industries, India’s most valuable company, has returned to a growth trajectory after six months of challenges, as it reported better-than-expected earnings for the December quarter, according to brokerages. The oil-to-telecom-and-retail conglomerate achieved its highest-ever EBITDA of Rs 438 billion during October-December 2024, the third quarter of the FY25 fiscal, surpassing estimates due to strong performances across all segments. This growth was notably driven by the robust performance of its oil-to-chemical (O2C) segment and a recovery in consumer retail. "Reliance is back on..

Next Story
Infrastructure Transport

Hyderabad Airport Metro MD Inspects Medchal and Shamirpet Rail Corridors

NVS Reddy, Managing Director of Hyderabad Airport Metro (HAML), alongside senior engineers and technical consultants, inspected the Metro Rail corridors to Medchal and Shamirpet to resolve technical alignment issues, according to an official press release. Due to the steep curvature of the road from Paradise to Bowenpally and airport authorities’ insistence, the HMDA elevated corridor’s alignment passes below the runway of Begumpet Airport for about 600 metres through a tunnel. However, integrating the Metro Rail corridor with this plan poses significant engineering challenges. To addr..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000